Buffalo Bicycles
Buffalo Bicycles supplies high-quality bicycles to the rural and peri-urban poor and low-income mainly for productive transport means.
The company subsidises the full cost of the durable but expensive bicycles through innovative payment features making them affordable to the poor, delivering them to the poor and low-income, and guaranteeing the availability of service and repair parts. The company expects revenue of ZMW 106 million in 2022 ($6.1 million) and plans to grow to ZMW 170 million by 2025. In 2021 it sold 20,500 bicycles and is estimated to turnover 25,000 by 2025. About 80% of its customers are BoP.
Buffalo Bicycles are designed, tested and assembled in country, providing jobs in the local economy. The company expects revenue of ZMW 106 million in 2022 ($6.1 million) and plans to grow to ZMW 170 million by 2025. In 2021 it sold 20,500 bicycles and is estimated to turnover 25,000 by 2025. About 80% of its customers are BoP. The Buffalo Bicycle has saved or materially improved the lives of 190,000 people in developing countries who don't have access to transportation.